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    10 Sherman Ave Raritan, NJ 08869

    For Sale
    $1,100,000

    High-Yield Property, Excellent Location

    Property size:
    3,287 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity presents a free-standing, 3,287 square foot retail building and a fully leased two-family residence situated on a 0.33-acre lot in Raritan, NJ, on Route 206 North. The retail space offers significant income potential, boasting a recently installed new roof. The attached two-family dwelling provides additional consistent rental income, enhanced by recent upgrades. These improvements include brand new replacement windows and soffits, along with new gutters. One apartment features newly installed hardwood floors, fresh carpeting, and a renovated bathroom. The basement of the two-family unit has undergone a complete remodel, including a new full bathroom and the installation of new French drains. This property offers a compelling combination of established rental income and potential for future appreciation, making it an attractive investment for discerning buyers. Detailed financial information, including income and expense statements, is available upon request. The property's prime location on Route 206 North in Somerset County ensures high visibility and accessibility. This turnkey investment is ready for immediate income generation. Don't miss this chance to acquire a well-maintained, high-yield property in a desirable location.

    Property Features for 10 Sherman Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,287 SF
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1930
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Guardian Interlock Electronics Manufacturer ANTONELLA´S WINDOW TINT Window Tinting Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raritan
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.62673
    Latitude
    40.57248

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    FAQs

    What type of property is this?
    Commercial real estate - High-Yield Property, Excellent Location
    Where is this commercial real estate located?
    The property is located at 10 Sherman Ave Raritan, NJ.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (732) 469-1515
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    10 Sherman Ave Raritan, NJ 08869
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10 Sherman Ave Raritan, NJ 08869
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